Question 5

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Jambmaths question: 

Calculate the simple interest on N7 500 for 8 years at 5% per annum

Option A: 

N3000

Option B: 

N 600

Option C: 

N 300

Option D: 

N150

Jamb Maths Solution: 

$\begin{align}

& I=\frac{P\times T\times R}{100} \\

& I=\frac{7500\times 8\times 5}{100}=3000 \\

\end{align}$

Jamb Maths Topic: 
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